RNS Number : 9347M
Palace Capital PLC
14 January 2019
 

Palace Capital PLC

 ("Palace Capital" or the "Company")

Director Dealing

The Company was informed on 10 January 2019 that Neil Sinclair and Stephen Silvester, directors of the Company, and David Kaye, a PDMR of the Company, sold in aggregate 28,836 ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 309 pence. The Ordinary Shares sold by each of the directors and PDMR were part of the Ordinary Shares issued under the 2015 Palace Capital Long Term Incentive Plan ("LTIP"), as announced by the Company on 3 January 2019. The Ordinary Shares have subsequently been sold in order to settle tax liabilities arising from the Ordinary Shares issued under the LTIP and additionally, in the case of Neil Sinclair, tax on a year-end bonus.

Please refer to the table below for the details for each of the directors and PDMR.


Name of Director

LTIP shares exercised1

LTIP shares sold

LTIP shares retained

Total Palace shares held

% of Palace shares in issue

Neil Sinclair

21,240

21,240

-

229,279

0.50%

Richard Starr

5,974

-

5,974

149,921

0.33%

Stephen Silvester

8,629

4,056

4,573

11,865

0.03%

David Kaye

3,540

3,540

-

-

-

1.         As announced by the Company on 3 January 2019

 

The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them. 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Neil Sinclair (Chief Executive Officer)

Stephen Silvester (Finance Director)

David Kaye (Company Secretary)

 

2

Reason for the notification

a)

Position/status

See 1 a) above

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Palace Capital plc

b)

LEI

2138009JDFQOXJFCJQ05

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 10p each in Palace Capital plc

 

 

Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06

b)

Nature of the transaction

Sale of shares

c)

Price(s) and volume(s)

Director/PDMR

 Price(s)

Volume(s)

Neil Sinclair

309p

21,240

Stephen Silvester

309p

4,056

David Kaye

309p

3,540

 

d)

Aggregated information

- Aggregated volume

- Price

 Price(s)

Volume(s)

309p

28,836

e)

Date of the transaction

10 January 2019

f)

Place of the transaction

London Stock Exchange, (XLON)

 

 

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHLLFSDLSILLIA